{"id":294,"date":"2017-02-15T11:01:10","date_gmt":"2017-02-15T09:01:10","guid":{"rendered":"http:\/\/www.jongore.com\/blog\/?p=294"},"modified":"2017-02-15T11:01:10","modified_gmt":"2017-02-15T09:01:10","slug":"mental-model-monday-autocatalysis-delayed-again","status":"publish","type":"post","link":"https:\/\/www.jongore.com\/blog\/uncategorized\/mental-model-monday-autocatalysis-delayed-again\/","title":{"rendered":"Mental Model Monday: AutoCatalysis (Delayed Again!)"},"content":{"rendered":"<div>I quite like this model.\u00a0\u00a0Autocatalysis is a model from chemistry, which occurs when a reaction speeds up on its own.\u00a0\u00a0Essentially one reaction creates another, which creates another, so on and so forth until at some point it tapers out.\u00a0\u00a0In business, it&#8217;s wonderful when this happens.\u00a0\u00a0You get a huge boost in your business, which carries on for some time.\u00a0\u00a0All of a sudden you have A, which is now creating B, so you get A + B + C until it tapers out.\u00a0\u00a0Charles Munger talks about a good example of Autocatalysis in regards to our favorite company with a mouse.<\/div>\n<div><\/div>\n<div>&lt;blockquote&gt;<\/div>\n<div>Disney is an amazing example of autocatalysis&#8230; They had all those movies in the can.\u00a0\u00a0They owned the copyright.\u00a0\u00a0And just as Coke could prosper when refrigeration came, when the videocassette was invented, Disney didn&#8217;t have to invent anything or do anything except take the thing out of the can and stick in on the cassette.<\/div>\n<div>&lt;\/blockquote&gt;<\/div>\n<div><\/div>\n<div>It&#8217;s useful to imagine how products and features can lead to additional reactions from customers.\u00a0\u00a0Amazon&#8217;s recommended purchases is a good example.\u00a0\u00a0If I buy a book on how to raise a child, they&#8217;ll recommend a crib.\u00a0\u00a0This is a brilliant feature that builds on itself, creating positive effects for the business simply by being there. \u00a0Autocatalysis is often unintended, but people who plan to build a product that builds naturally on itself will do better than those who do not.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I quite like this model.\u00a0\u00a0Autocatalysis is a model from chemistry, which occurs when a reaction speeds up on its own.\u00a0\u00a0Essentially one reaction creates another, which creates another, so on and so forth until at some point it tapers out.\u00a0\u00a0In business, it&#8217;s wonderful when this happens.\u00a0\u00a0You get a huge boost in your business, which carries on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-294","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/posts\/294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/comments?post=294"}],"version-history":[{"count":2,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/posts\/294\/revisions"}],"predecessor-version":[{"id":296,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/posts\/294\/revisions\/296"}],"wp:attachment":[{"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/categories?post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jongore.com\/blog\/wp-json\/wp\/v2\/tags?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}